 "NHB's Rs 2,100 cr tax-free bonds to hit market soon : CMD")
"We should be opening it soon now. Of the total Rs 3,000 crore, we have already mobilised Rs 900 crore through private placement. Rs 2,100 crore is what we need to raise. And for that we are coming to the market very soon," National Housing Bank (NHB) Chairman and Managing Director R V Verma told reporters here.
The bond will be issued in tenors of 10, 15 and 20 years.
NHB, the regulator for housing finance companies, was permitted this year to issue tax-free bonds of up to Rs 3,000 crore. Of this, NHB had already raised Rs 900 crore through private placement in August.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%